The EV trade war between China and the West heats up
But Elon Musk’s carmaker is somehow escaping the worst of it
IN the TRADE war between the West and China, a battle over electric vehicles (evs) has begun. In May, as part of a broader volley against Chinese tech, America slapped a 100% duty on Chinese evs. On July 2nd Canada launched a consultation on what it called “unfair Chinese trade practices” in the EV industry. Three days later a provisional tariff of up to 37.6% on Chinese EVs took effect in the EU. On July 10th, days after the symbolic swipe of opening an anti-dumping probe into European brandy, China’s ministry of commerce signalled it will not take the assault lying down. It says it will study whether the EU’s tariffs create barriers to free trade.
Explore more
This article appeared in the Business section of the print edition under the headline “Tit for tat, not Tesla”
Business July 13th 2024
- America’s giant armsmakers are being outgunned
- Why most battery-makers struggle to make money
- What German business makes of France’s leftward turn
- Europe’s biggest debt-collector has a debt problem
- The EV trade war between China and the West heats up
- The CEO’s alternative summer reading list
- Once high-flying Boeing is now a corporate criminal
Discover more
Could seaweed replace plastic packaging?
Companies are experimenting with new ways to reduce plastic waste
Has Sequoia Capital outgrown its business model?
Venture capital’s hardiest perennial gets back to its roots
On stupid rules and quick wins
Why every boss can benefit from asking employees what most infuriates them
TikTok wants Western consumers to shop like the Chinese
It still has some convincing to do
Will the trouble ever end for Volkswagen and its rivals?
From strikes to Trump tariffs, calamities abound
After Northvolt’s failure, who will make Europe’s EV batteries?
The continent looks ever more reliant on Asian producers